The following gives employment and daily output information for Your Mama, a perfectly competitive manufacturer of computer
Question:
The following gives employment and daily output information for Your Mama, a perfectly competitive manufacturer of computer motherboards.
Number of Workers Total Output
10 ..............80
11 ..............88
12 ..............94
13 ..............97
14 ..............99
A motherboard worker at Your Mama earns $80 a day, and motherboards sell for $27.50.
a. How many workers will be employed? How do you know?
b. Suppose the market wage for motherboard workers increases by $5 per day per worker, but the market price of motherboards remains unchanged. What will happen to employment at the firm? Why?
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Number of Workers Total Output MPL MRP 10 80 8 22000 11 88 6 16500 12 94 3 8250 13 97 2 ...View the full answer
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Related Book For 
Macroeconomics Principles and Applications
ISBN: 978-1133265238
5th edition
Authors: Robert e. hall, marc Lieberman
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